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Real Estate and Development

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May 2011 Building Permits

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Alliance relocating its downtown headquarters

After spending 10 years in Capital Square, Alliance Technologies Inc. will relocate its downtown headquarters to 420 Watson Powell Jr. Way in Des Moines.

Tenant improvements are underway in the information technology company’s newly leased …

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Survey: Community, lifestyle critical to home-buying process

One in five U.S. homeowners have either moved from their home or would like to move because their neighborhood or community wasn’t ideal for their lifestyle, according to a recent survey by Better Homes and …

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Clement family becomes principal owner of Iowa Speedway

The principal ownership of Iowa Speedway has transitioned from one Iowa family to another. The Clement family of Newton has purchased the automobile race track’s holding company, U.S. Motorsports Corp., from the Manatts family, Iowa …

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Lakeside to break ground on hotel addition

Terrible’s Lakeside Casino in Osceola will break ground on a hotel addition on Thursday.

The addition will include 90 rooms and an indoor pool with a sliding glass wall that will be open during the …

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Kemin finalizes ADF acquisition

Kemin Industries Inc. has finalized its purchase of selected property, equipment and other assets of American Dehydrated Food Inc (ADF). Today, Kemin will take ownership of ADF’s spray-dried meat protein manufacturing facility in Verona, Mo. …

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Private nonresidential construction spending up

Private nonresidential construction spending increased 1.2 percent in May from the prior month, according to a U.S. Census Bureau report. Eight of 16 nonresidential construction subsectors posted increases in spending, with the biggest gains being …

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Walters files second bankruptcy petition

Developer Randal Walters has filed for bankruptcy court protection from his creditors. Walters, whose recent bid to reorganize the finances of a real estate development and management company under Chapter 11 of U.S. Bankruptcy Caw …

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Brokers limited by lack of large industrial spaces


Growing demand for large blocks of contiguous industrial space is placing pressure on commercial real estate agents to fill existing properties and spur new development.

“There was some delayed decision-making that took place from 2008 …

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Sales of existing homes up 8.2 percent in May

More Americans than forecast signed contracts in May to buy previously owned homes, signaling that the residential real estate market may be rebounding from a slump earlier in the year.

The index of pending home …